What is a Water Risk Assessment?
Water Risk Assessments identify potential water-related risks for a company and its operations, which can serve as a baseline in setting water-related goals and determining mitigation actions. These assessments evaluate the relationship between water-related issues and how these issues translate into business risks. The results of a Water Risk Assessment allow companies to make informed decisions based upon a fuller understanding of vulnerability, hazards, and opportunities. Starting with a water risk assessment allows a company to be strategic, proactive, and agile in their policymaking and planning from both a local and global perspective.
How is Antea Group’s Water Risk Assessment Unique?
Water is a globally shared resource, yet it is used at a hyper local level. Antea Group’s Water Risk Assessment relies on world-class tools, such as the WRI Water Risk Atlas, which draw upon robust information and data sets. These tools employ a carefully designed set of scientific filters to converge on the most material risks, both current and potential, faced by an organization. In addition, the methodology leverages the Inogen Alliance, our global network of partners, to validate the results and provide local insights. By having local water experts engaged in the assessment process, organizations – no matter where they are in the world – benefit from a thorough understanding of the local water context, enabling them to make better business decisions related to their water stewardship programs.
“This methodology helps move the needle and empower clients to complete a water risk assessment themselves,” says Erica Pann, Senior Project Manager and Water Stewardship Service Co-Lead. “Water is a globally shared resource, but intense pressures from global water scarcity, urbanization, and population growth are straining supplies. Without water, businesses wouldn’t be able to operate. That’s why every business, big and small, should conduct a water risk assessment to evaluate their water risk both as a business and for the betterment of the surrounding communities.”
“A Water Risk Assessment can be leveraged to provide a multitude of insights,” says Natalya Holm, Senior Project Manager and Water Stewardship Service Co-Lead. “It can be used to safeguard operations in the near term, help inform business objectives in the medium term, and begin water stewardship strategy development for the future. While our methodology highlights that a Water Risk Assessment can be a flexible and customizable tool to answer the most pressing water risk questions our clients have, our primary mission is to showcase the value of a Water Risk Assessment as a first step to water stewardship strategy.”
The Water Risk Assessment Methodology is available for download below. For more information, or to discuss water stewardship strategy development, reach out to our Water Stewardship team.
Download Here
